Companies
Caleres announces first quarter results
The US-based footwear company has reported a slight decline in sales in the first quarter of 2024 amid a challenging environment for consumer demand. However, it remains optimistic for the rest of the year
Indonesian footwear industry hit by a lay-off wave
The recent closure of PT Shoes Bata Tbk, a subsidiary of footwear company Bata, with the lay-off of 233 people, has highlighted a wave of redundancies that has hit the Indonesian footwear industry
Footwear experts expect importance of digital retail channels to continue to increase
Since the first edition of this survey, we have been asking our panel of experts about their expectations regarding the evolution of the percentage that different retail channels represent in the total sales of footwear in their country
Weak performance in China affects Tod’s first quarter turnover
Ahead of the delisting, the Italian luxury group has reported a 6.7% year-on-year fall in turnover in the first quarter of the year, mainly due to a weak performance in the Chinese market
VF Corp fourth quarter losses widen
The US-based footwear company has ended its fiscal 2024 in the red, with fourth-quarter sales falling and losses widening. Vans has failed to take off and the US market remains challenging
On reports strong first quarter
The sportswear company has reported a strong start to 2024, with a first quarter revenue and net income growth of 20.9% and 106.6%, respectively, as compared to the same period of last year
Under Armour to lay off staff as sales continue to fall
The Baltimore-based company has launched a restructuring plan for fiscal 2025, which includes the layoffs of an unspecified number of employees, after reporting weak fourth quarter and full year results
Domestic market drives modest growth for Grendene
The owner of Melissa and Ipanema has reported a net sales growth of 3.2% year-over-year in the first quarter of the year, driven by domestic demand. International market remains challenging
Burberry full year results hit by slowing luxury demand
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US
Pentland Brands names new President for the Americas
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company
Footwear survey reveals optimistic outlook
The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic
Arezzo starts the year on a positive note
The Brazilian footwear group, which owns brands such as Arezzo, Schutz and Anacapri, reported a strong start to 2024, with revenue and profit growth largely driven by the domestic market
Alpargatas reports strong first quarter
Havaianas’ parent company has reported a strong first quarter, with net revenue up by 3.2% year-over-year, driven mainly by the domestic market, and above all a return to profitability
Allbirds shows progress on losses
Amid a strategic turnaround plan, the Californian footwear brand narrowed its losses in the first quarter 2024, but still suffered a 27.6% year-over-year decline in sales due to lower demand
Zalando Co-founder David Schneider steps down from his role as co-CEO
The German-based online retailer has announced that David Schneider will step down from his role as co-CEO to focus exclusively on managing strategic partnerships and brand relationships-
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